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Briefing
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- Rental Contracts Blockchain – Biflyer Blockchain, subsidiary of crypto exchange BitFlyer, and Japanese business giant Sumitomo Corporation building blockchain for signing rental contracts from mobile app
- One Stop Property Shop – Envisions one stop shop for rental market, which could enable property search and matching, bookings, contract renewals and exits, and payment of expenses
- Benefits – Include improved efficiency, simpler procedures, reduced administrative costs, and faster contract signing and verification
- Other Services – Eventually platform can integrate other contractual services offered by guarantors and insurance companies, and be used for credit and rating information
- Availability – Planning to complete development and verification of prototype in 2019 H2
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Information Technology, Real Estate and Construction
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Function
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Customer Experience and Service, IT Infrastructure, Research and Development, Sales and Distribution Channels
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Organization
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Sumitomo Corp., bitFlyer
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Source
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Original Publication Date
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July 24, 2019
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